425120

Wholesale Trade Agents and Brokers

Cyber Liability Insurance for NAICS 425120

CYB

Ranked reasons a business in NAICS 425120, Wholesale Trade Agents and Brokers, needs Cyber Liability coverage. Each reason is specific to how this industry actually loses money, and ends with the question to ask before the objection comes up.

  1. 01

    You arrange payments between parties who never meet.

    • Buyers and sellers transact on instructions you pass between them.
    • Banking instructions arrive and are changed by email.
    • A diverted payment leaves both parties looking at you.
    ASK
    How are banking details verified before you pass them between parties?
  2. 02

    Your customer and supplier lists are the whole business.

    • Relationships, pricing, and terms are the entire value of the firm.
    • That information is what a competitor would pay for.
    • Once copied the relationships can be approached directly.
    ASK
    Where are your customer, supplier, and pricing records stored?
  3. 03

    Deals are made and confirmed by email.

    • Offers, acceptances, and terms are exchanged and confirmed electronically.
    • Those messages are the contract record.
    • An intercepted or altered message changes what both parties think was agreed.
    ASK
    How are deal confirmations sent and verified between parties?

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